Without a doubt, this country’s debt overhang needs to be chopped considerably. But does a large national debt doom a nation to economic ruin? Only if you believe that countries like Germany, France, and Japan are economic basket cases, too.
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U.S. National Debt Is Huge, but It’s Not a Catastrophe originally appeared on DailyFinance on Sat, 29 Jan 2011 10:00:00.